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20110720
20110720
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on chancellor merkel's viewpoint. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never tried before, and it is wishing europe bloc -- he said it is an extraordinary attempts, such that nations have never tried before, and he is pushing europe luck. >> some clouds on the horizon. a closely watched survey said dennis analysts and institutional investors are in anticipating a weaker performance in the months to come -- a closely watched survey said analysts and institutional investors are anticipating a weaker performance in the months to come. use 9 last month. crisis, could spread to italy. however, the drop in german expectations may not translate to weaker e
, tokyo. >>> let's look at the latest in business news with ai uchida. there was a big jump in stock markets. >> european and u.s. markets up overnight. new york stocks surged over 200 points tuesday, marking their largest one-day gain this year. the dow jones industrial average finished the day at 12,587, up 202 points or 1.6%. the key index opened sharply higher following a robust earnings report from ibm. market sentiment received a further boost after president barack obama expressed support for a bipartisan proposal to cut budget deficits. >>> stocks weren't the only thing that rose. u.s. housing starts in june jumped from the previous month. attention is now focused on whether the housing market which is a major component of the u.s. economy continues on a full recovery track. the commerce department says housing starts stood at an annualized 629,000 units, that's up over 14% from may. the figure is far above the market expectation of 570,000 units. building permits which are an indicator of the prospects for the housing market also rose 2.5%. >>> and now let's take a look at j
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